Termination of lease agreements without compensation for losses

Small and medium-sized companies operating in the sectors of the Russian economy most affected by the coronavirus have been granted the right to terminate lease agreements ahead of schedule by October 1, 2020 without compensation for losses in the form of lost profits. In this case, the security payment will remain with the lessor.

In addition, such termination is possible if the tenant approached the landlord with a proposal to reduce the rent and was refused.